Royal Fund Management LLC Has $17.63 Million Position in iShares S&P 500 Growth ETF $IVW

Royal Fund Management LLC lifted its holdings in iShares S&P 500 Growth ETF (NYSEARCA:IVW) by 76.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,985 shares of the company’s stock after purchasing an additional 61,906 shares during the quarter. iShares S&P 500 Growth ETF accounts for about 1.6% of Royal Fund Management LLC’s investment portfolio, making the stock its 9th biggest holding. Royal Fund Management LLC’s holdings in iShares S&P 500 Growth ETF were worth $17,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in iShares S&P 500 Growth ETF by 329.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,708,995 shares of the company’s stock worth $188,160,000 after buying an additional 1,311,063 shares in the last quarter. Thrivent Financial for Lutherans raised its position in iShares S&P 500 Growth ETF by 196.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,441,392 shares of the company’s stock worth $174,005,000 after buying an additional 955,862 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in iShares S&P 500 Growth ETF by 487.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 679,544 shares of the company’s stock valued at $74,818,000 after acquiring an additional 563,960 shares during the period. Ameriprise Financial Inc. lifted its stake in iShares S&P 500 Growth ETF by 6.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,499,823 shares of the company’s stock valued at $935,874,000 after acquiring an additional 547,663 shares during the period. Finally, CGC Financial Services LLC purchased a new stake in shares of iShares S&P 500 Growth ETF during the 3rd quarter valued at about $40,544,000.

iShares S&P 500 Growth ETF Stock Down 0.8%

Shares of IVW stock opened at $108.71 on Tuesday. The company has a 50 day moving average price of $119.53 and a 200-day moving average price of $121.35. iShares S&P 500 Growth ETF has a 52 week low of $79.31 and a 52 week high of $126.61. The firm has a market capitalization of $58.36 billion, a PE ratio of 33.33 and a beta of 1.11.

iShares S&P 500 Growth ETF Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.